Will people start moving their savings to Bitcoin in case of a financial crash?

[virtualdn]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

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[uneng]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

[johnwest]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

First of all

The page you have requested might no longer exist, has had its name changed, or is temporarily unavailable.

Secondly, I think its already happening, whenever we see some crisis in any part of the world, the price of BTC increases. I always felt that its the people who are trying to put in their savings.

[davis196]

Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.

[iamTom123]

Those are actually warning for economic collapse or akin to what happened in 2008 where major financial establishments thought to be too big to fail actually suffered great financial problems. In our global economy, anything can happen it is because a country's financial woes can affect other countries due to financial exposure.

It is quite possible that we can be experiencing financial problems in years to come but as to what year and the magnitude of that...that maybe hard to predict at all.

Will an economic turmoil push Bitcoin or will it also join the collapse? Well, that is beyond for us to predict.

[pooya87]

the economical collapse prediction is nothing new. i don't know why they still do it! it is always the same thing and it never happens (fortunately or not).
and no people won't start moving their savings to bitcoin because bitcoin is not the only thing out there that is considered safe haven, there are lots of things such as Gold,... which people trust more or know more than they know and trust bitcoin. but there will be a growth in demand for bitcoin for sure.

[Dudeperfect]

Yes, I have seen it in my country when the government banned largest valued fiat currency note. It is observed that people moved their wealth in crypto currencies, especially in the bitcoin so I don't think that people around the world would hesitate to go with it if there is any financial crash.

* Demonetisation: Bitcoin trading at 25% premium in India amid high demand | Business Standard News.

* Bitcoin hits highest level post demonetisation : Mail Today, News - India Today.

* India's Demonetization Is Causing Bitcoin To Surge Inside The Country.

[Amph]

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

[Kakmakr]

Look at the history of financial markets and you will see these markets CRASH more or less every 10 years. < Dot Kom crash and the Property bubble > So this is inevitable and no real CRASH, but rather a small RESET for the markets to balance and correct themselves. In these times people ran to traditional commodities like Gold and Silver to protect their wealth. Now we have a new boy on the block and it has the same <Save Heaven> features as Gold & Silver. We already see people running to Bitcoin, when governments mess with the local fiat currencies and we will see more examples of this in future. ^smile^

Gold & Silver is not the ultimate Safe Heaven for wealth. < Governments has banned and confiscated Gold & Silver ownership before >

[SimmonenY]

All fiat money and currencies can't collapse at once and even if they do I don't think cryptocurrencies will be a go to option. But I'm saving it anyway, just in case)

[squatz1]

Don't think something like this is ever going to occur, as people have always thought that during a financial crash the best place for your money is probably going to be sitting in banks (FDIC insured of course) as you're not going to lose out in any situation like that, given that you don't have any money held up in the stock market or anything else along those lines. Though, some people may argue that they'd rather their money be in something that is going to yield you money during a financial meltdown, which could be something along the lines of gold.

I just don't think I can see BTC being used during this in the least, as BTC still needs many banks at the moment and during financial issues such as a crash these banks are usually the ones hit hardest.

[Docnaster]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Some of the blog sites nowadays are full of hoaxes or fraudulent claims, they often fabricate stories to generate some decent traffic. I wouldn't necessarily take what you read in the media seriously, as probably at least 70% of it is either dramatized, or blown way out of proportion. Stupidly, the weak hands see this news, and think their savings are essential good as gone unless they act now. The same doesn't happen with fiat, so why does it happen with crypto?

[Zadicar]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

We do really experience crash in past decades but still it stood still and gradually become strong and i wont really suggest that we should put all of our money on bitcoin because its really a risky thing to do on a certain individual.I would more believe that bitcoin would easily be crashed compared on our economy as of today.It might crash but can still able to recover up no matter what and thats financial system works backed by government.

[iluvpie60]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It would be a smart investment I believe for many people to have their future outlays of money be put into BTC.

Sure it makes sense when the price is going up an up and away! But is the price of BTC going to continue to go up this year?it is possible that it will stay flat for awhile. You do not want to risk putting your savings into something that can flatline or drop to zero. Savings are usually something that has a lower amount of return but is considered very safe.

All we need is another MTGOX and there go a bunch of peoples value on BTC unfortunately...

[deisik]

Don't think something like this is ever going to occur, as people have always thought that during a financial crash the best place for your money is probably going to be sitting in banks (FDIC insured of course) as you're not going to lose out in any situation like that, given that you don't have any money held up in the stock market or anything else along those lines. Though, some people may argue that they'd rather their money be in something that is going to yield you money during a financial meltdown, which could be something along the lines of gold

I thought the Cyprus haircut taught people a good lesson

But it seems that it should be taught every now and then on a more or less consistent basis since people still blindly believe in banks and that their money cannot be confiscated (or stolen) by the government itself. That's basically the reason why gold, obsolete gold is still highly popular among folks. This is not something which can be easily taken away from you, this is not something which can be stripped off of all or most value by some rogue government (in this respect Bitcoin smells good too)

[UCHCHILD]

There were many time that people let market crashes even collapse worst is dead alligations but nothing happened it still moving forward actually no one can make our market crash down especially fiat money because it is everyone's necessity so why people will let things down when it helps their daily needs? But investing in bitcoin is fairly good and more profitable.
I guess this kind of rumors is not that effective to make people change their minds, blowing their minds that something will happen so they need to switch on bitcoin.

[deisik]

Gold & Silver is not the ultimate Safe Heaven for wealth. < Governments has banned and confiscated Gold & Silver ownership before >

Yesterday is not the same as today

Before people somehow had more trust in the government, now this blind faith is mostly gone, and no one is going to give a fuck about some random dudes demanding what doesn't belong to them. Obviously, you refer to the executive order signed in 1933 by the US president Roosevelt and which "forbids the hoarding of gold coin, gold bullion, and gold certificates within the continental United States", as per Wikipedia. Now imagine that Trump issues a similar order, and do you really think that people will voluntarily give away their precious gold? The possession of gold in the US is said to be well correlated with the possession of guns, so you may well picture the outcome of this endeavor

[hajimasan]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

there's many people who thinks themself as great and releases hypothetical theory and predictions so we people have our 6th sense and we should not care about their word we are human and are intelligence enough and we can justify whether the saying if any third person is try our not. Blindly believing on them might not work all the time we have to check oneself whether the saying is true of hypothetical. He told that there will be financial crash edition few years but how he know that. How pore can predict  future of market. It's all about people who have full control over market and it's elements which are either directly or indirectly linked to market stabilization. And it's not easy that their will be financial crash and how can he say that I don't agree with statement. And yes it's good idea to save money in bitcoin because as the price will touch high and we will have actually more valued money when we will sell it so it's a plus point for us.

[richsoon]

Bitcoin, gold and ethereum I think and with the way things are going now it looks like Ethereum is the safer bet too.

In any case I think crypto has cemented its place in our world for generations to come.

[ocid]

As what jim rogers explains that he predicts the fall of the market in a few years he invites us so we can invest with technological developments at the moment just as we are investing using bitcoin because at present the bitcoin value is so promising that he can predict it in a way We are investing in it then it will be more promising for future economic needs.
But I do not think we are required to save all our money into bitcoin because it is feared if we do that security by investing in bitcoin in the future will experience a very weak level of security so that the money we invest can be easily stolen by people who Crime through the internet.
But if we are already very confident with the security system via the internet we should do some of our money that will be invested by setting aside our income and put into bitcoin.

[aoluain]

I think more and more people are buying into BTC and crypto
but I'm not so sure everyone is in it in case of a financial crash
or security for the future.

Sure there are a number of people who are in for the long haul
but I think personally that there are quite a lot of ordinary people
in at the moment for the "get rich quick" deal.

[FiNaLize]

Crashes are bound to happen, but his specific prediction is unlikely. Satoshi invented this coin to make it independent from banks, so yes if a crash does happen people will start moving the funds to BTC/alts.

[franco123]

In my opinion, Bitcoin is just one of the options to minimize the risk of being affected by a financial crash. The world economy is very unpredictable which makes it hard to predict when a financial crash will occur. Everything can be affected by a financial crash which is why it is not appropriate to move ALL your savings to Bitcoin. However, it is possible to diversify the risk of a financial crash by putting up your money in to different financial instruments. You can use Bitcoin as one alternative financial instrument since it was already established for quite some time. But you should also save or invest your money in some other financial instruments like in bank, business, real estate, stocks/bonds etc. Just remember this saying when diversifying the financial risk, "Do not put all your eggs in one basket".

[bitbunnny]

Many finamcial crashes happened so far and never people have the alternative like Bitcoin or some other cryptocurrency. Still Bitcoin is too volatile and has some disadvantages that stop it from beeing secure alternative and although many people don't like banks Bitcoin doesn't seem as the only option and that is axt good because you always have to diversify your investments.

[gentlemand]

There seems to be a full time cottage industry of people predicting the death of the dollar and financial crashes. Maybe one day they'll be right. In the meantime I do not value their opinion.

If there was a crash now then hardly anyone would use BTC as a lifeboat. It's a speculative plaything and would be the first to go if people got truly squeezed.

[Kprawn]

Bitcoin, gold and ethereum I think and with the way things are going now it looks like Ethereum is the safer bet too.

In any case I think crypto has cemented its place in our world for generations to come.

Hope you not using drugs when you making investment decisions.   If you look closely at Ethereum you will notice that it was put together in a

way to try to bypass legislations and laws applicable to Securities. They included the usual things people try... Non Profits / Trying to pass it off as

a "Token" .... They will try to get away with this as long as they can. They being the Developers and the founders and people who got paid to

work on the platform. A contract is a contract and a speculative contract is even worst. Ethereum is going to make some people rich and some will

go bankrupt. One of the founders saw this early on..{just after the DAO} and he jumped ship.  

[BillyBobZorton]

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

Fiats have a life expectancy of 100-150 years, so according to past events, we should be seeing in the fall of the dollar somewhere around 2020-2040... who knows what will happen.

If bitcoin manages to stay safe from hardforking drama and remains a solid network, im sure people will look into buying some bitcoin as an hedge against a massive fiat crash.

[itsallpc]

Definitely people would do that.Even i personally saw many rich people shifting their investments into bitcoin when the indian government banned the high value notes as a result of demonitization.Lots of black money holders safely moved their savings in to bitcoins to escape from income tax department.The same would happen when a economic crisis hits the world globally.

[Panxora_COO]

I agree with itsallpc but would add that you see the wealthy in China looking for a back door to get out of the Yuan against government wishes. You also see many countries in Latin America where the government policies are so repressive and corrupt that money is moving to bitcoins as it is starting to be seen as a bit more stable and a LOT more flexible.
For years governments have been putting off an eventual credit crisis and there are only 5 countries in the world that carry no debt. Most carry way more than their GDP.
You can put these problems off but you cannot get rid of them. Eventually our culture's reliance on debt is going to have a BIG price to pay.

[SamMurphy]

I think yes, if there is a case to save your money you will invest them on bitcoin or gold/silver. For me gold/silver and bitcoin for now it's the same. But still I wouldn't move all my money on bitcoin because if I wanted to cash them out their value wouldn't be the same. Some of them in bitcoin, some of them in gold/silver and some of them in cash. Also this shouldn't happen only in those cases, you have to be sure that at least half of your money are safe in any case.

[sana54210]

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

Yes it is not a matter for the people to take it serious anymore. Actually such rumours comes in a time when the government or the people seeking threat from something which could go against the interest of them. So, the easy way is to create such rumours and propagate them so that the people stay away in getting involved in the respective activity.

It is very hard for me to realize that there are people who think that the Bitcoin will affect the fiat, I can’t do anything for them except feeling petty for them as they are too innocent to use their brain.

[SvenBomvolen]

I think people will chose gold for the case of economy crash rather bitcoin. First of all not so many people know and use bitcoin yet, and gold had shown itself as the most safe way for capital safety.

[Kevin77]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

there's many people who thinks themself as great and releases hypothetical theory and predictions so we people have our 6th sense and we should not care about their word we are human and are intelligence enough and we can justify whether the saying if any third person is try our not. Blindly believing on them might not work all the time we have to check oneself whether the saying is true of hypothetical. He told that there will be financial crash edition few years but how he know that. How pore can predict  future of market. It's all about people who have full control over market and it's elements which are either directly or indirectly linked to market stabilization. And it's not easy that their will be financial crash and how can he say that I don't agree with statement. And yes it's good idea to save money in bitcoin because as the price will touch high and we will have actually more valued money when we will sell it so it's a plus point for us.

Well this is funny man if you going to work upon your sixth sense, then sorry to say but it don’t really seems sensible to me.

I guess your knowledge is something that should be used in making a certain decision otherwise if the investing would have done by the guessing stuff then it would not be termed as investment but it would be called gambling. As we have seen that all the successful investors works on the calculations and makes decisions based on these calculations. So, it is better increase your knowledge and skills and decide to what to do on the basis of your research.

[richmcrich]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

There is ups and down in everything whenever people start doing something he/she must be ready for its advantages and disadvantages both and I guess small financial crashes are not so much harmful in Bitcoin, secondly whenever we see some crisis in any part of the world the price of Bitcoin increases, so if people look at its increasing price they will prefer to move their savings to Bitcoin to avoid max cash in any businesses.

[streazight]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It would be a smart investment I believe for many people to have their future outlays of money be put into BTC.

Sure it makes sense when the price is going up an up and away! But is the price of BTC going to continue to go up this year?it is possible that it will stay flat for awhile. You do not want to risk putting your savings into something that can flatline or drop to zero. Savings are usually something that has a lower amount of return but is considered very safe.

All we need is another MTGOX and there go a bunch of peoples value on BTC unfortunately...

Yes, looking at the progress and the potential of the Bitcoin it is a very much good investment for the future. I guess the Bitcoin is helping many people to survive and have made many people fit to the machinery, before the Bitcoin there were the people hopeless and unhappy but the Bitcoin have sparked in their lives as a hope and no doubt the bitcoin is sprinkling happiness all over. So how could some still doubt that the bitcoin is not a good investment for the future?

[raven7886]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

Yes, the financial crises can be handled with the change in the financial strategies to resist a crash to the economy and it has been witnessed many of the time that the services of the economists works very well to handle such a situation. According to an analysis only 3% of the world population is involved in the business of investment while the rest are working for these investors, so the bitcoin is in my opinion a best platform to balance this ratio and bring more financial stability to world.

[xuan87]

I had heard so many time of market crash but the impact of the last time market crash is not too big, and it is not a really good idea to move your saving into bitcoin because bitcoin itself is not too stable, for your long time saving I suggest gold, bitcoin is very profitable but we still don't know what will happened with bitcoin in the future

[DoublerHunter]

The answer for that is definitely yes because most of the people already heard about bitcoin and it will be easy for them to store their money and take care of its real value if they will put it on bitcoin because bitcoin is one of the best way to store our money and grow it because bitcoin is also an investment or asset because of the price movements that are mostly going up.

[Doms]

So many predictions about market crashes that never came to fruition. It is like a prophecy about the end of the world. But if anything comes close to a massive crash, I am not sure people would really flock in droves to bitcoin. There are still safer havens out there and in times of crisis, the tendency is to be more conservative because capital preservation is the primary goal of individuals.

[aoluain]

I had heard so many time of market crash but the impact of the last time market crash is not too big, and it is not a really good idea to move your saving into bitcoin because bitcoin itself is not too stable, for your long time saving I suggest gold, bitcoin is very profitable but we still don't know what will happened with bitcoin in the future

The impact of the last big crash 2007/2008 is still being felt
in many countries in Europe, Greece, Spain, Italy and Ireland.

Here in Ireland after the last crash we as a nation had to
bail out the banking system and pay off their debts to the tune of €26billion

Back in 2015 Greece put a hold on funds as there was a run on their banking
system. It got to the stage where customers could not withdraw their own funds.

These are just snapshots to show that there was big implications for everyday
average people after the last crash.

have people learned from that ?
Hopefully

[HabBear]

Look at the history of financial markets and you will see these markets CRASH more or less every 10 years. < Dot Kom crash and the Property bubble > So this is inevitable and no real CRASH, but rather a small RESET for the markets to balance and correct themselves. In these times people ran to traditional commodities like Gold and Silver to protect their wealth. Now we have a new boy on the block and it has the same <Save Heaven> features as Gold & Silver. We already see people running to Bitcoin, when governments mess with the local fiat currencies and we will see more examples of this in future. ^smile^

Most people in the developed world believe Bitcoin is the next bubble. And specifically for the reasons you mention about "we already see people running to Bitcoin."

What actions have Governments taken since 2009 that have given logical reason for investors to "run to Bitcoin"? The only scenario I can think of is the financial crisis in Cyprus. Is there any other real scenario? If not, we might be high on the bubble.

But just like the dot.com bubble burst, it cam back with rabid growth. Many of those dot.com companies failed...just like many of the alt cryptocurrencies will fail, but the tech industry thrived after that. So will the Bitcoin industry.

[Omega Weapon]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

Everything ends, no exceptions, that is the rule, to think the economic markets can go on forever is a mistake many do because they do not look at things from an historical perspective, just look at all the empires that fell, and with them their economies fell to, remember just because the economy of your country fails and sinks, it does not mean you need to sink with it as well.

[n0ne]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

Everything ends, no exceptions, that is the rule, to think the economic markets can go on forever is a mistake many do because they do not look at things from an historical perspective, just look at all the empires that fell, and with them their economies fell to, remember just because the economy of your country fails and sinks, it does not mean you need to sink with it as well.

When the economy of the country sinks and there is no alternate solution surely the citizen too will sink with it. Hopefully it's good to be on the safe side with investment on cryptocurrencies. Also people will surely move towards bitcoin or something else, because few examples have taken place in the past with Countries like India and China. When they have been experiencing a money problem the usage of cryptocurrencies from those countries increased a lot.

[izanagi narukami]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

[pearlmen]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Financial crises has happened in the past and the world didn't go into flames even as at the time, I didn't know about bitcoin the same thing with a lot of people but we survived. So whether financial crises will happen is not s direct flow into keeping investment in bitcoin because of the fear that might crash as well. There are several fixed assets to keep money with real estate one of the surest way although depending on the country of residence.

[Amph]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

bitcoin will always be considered a risky investment because the value is based on supply and demand, not matter the adoption, all the swings you are seeing today will happen in the future with a better value also

but not it's the time to invest to have your seat for the great run that will make you rick, and make your investment worth it in the future, with gold you are only losing possible value

[Gyfts]

Bitcoin, gold and ethereum I think and with the way things are going now it looks like Ethereum is the safer bet too.

In any case I think crypto has cemented its place in our world for generations to come.

As you can tell, ETH has been extremely unstable and that's exactly why it's delusional to store your entire life savings in a cryptocurrency. Right now, USD or something like GBP are solid currencies that are stable to invest in. Most Americans and Europeans are good with their financial systems. South American countries are the ones that need to consider their investments.

[deisik]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

Gold can be quickly made illegal

If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms

[yugyug]

is it happening in china now, as their CNY currency was weakining, some chinese people started to buy and some are moving their investments and savings into bitcoin, as you can see in fiatleak's website majority of the BTC flow came from china.

[Weatherby]

The relevance of bitcoin and other alternative investment comes when we hear all these news,you cannot really predict exactly whether there will be a financial crash coming up but i really do not trust big bankers with my money after what happened with the meltdown of 2008.

[itsallpc]

Economic crisis is some times expected to happen.Lat time,in 2008,when economic crisis happened,people didn't have a choice to invest in bitcoin as it was not familiar at that time.So they had the only choice to choose traditional methods like gold,etc.But now they have the ultimate choice,bitcoin.Though it has not been experienced earlier by investing in bitcoins during crisis,but people would find bitcoin as a ray of hope.

[xypos]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It's definitely not.

I think that an economic collapse will be completely expected. There is no fiat currency that has existed forever, all of them will collapse one way or another, through war(which is completely possible, but hopefully won't happen), a bubble bursting like the 2008 housing bubble, banks failing, or just government not having the usual control that they had.

Bitcoin would be the logical alternative here as it is completely unrelated to how the fiat framework runs. If an economic does happen, there is something that has gone completely out of hand in the fiat monetary system. So people will definitely look at a range of alternatives, and probably bitcoin will succeed.

[jorneyflair]

Firstly, something like that or the Great Depression repeating itself seems very unlikely and I don’t really believe it. It’s just a couple of people’s opinion and predictions, but it still is possible. After the Great Depression, I feel that the government has to be monitoring our market and making sure we don’t go through another financial crisis anytime soon. A couple of years back some of the big banks, which we thought were too big to crash actually almost crashed, a lot of them actually went through financial problems.
 
I don’t think if the market crashes it will be good for Bitcoin and cryptocurrencies in general since if the market just crashed after us thinking that it wouldn’t, what is to say that cryptocurrencies don't crash the next week? Let's hope this doesn’t happen because to be truly honest, I would have no idea what to do with myself.

[bryant.coleman]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

Gold can be quickly made illegal

If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms

I don't think that I will ignore gold if a massive financial crash happens. I would be more interested in preserving my wealth, rather than aiming for profits. Gold is the most suitable asset for this purpose. The other assets such as fiat currency, equities, treasury bonds.etc can become worthless if the economy crashes.

[DoublerHunter]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

Gold can be quickly made illegal

If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms

I don't think that I will ignore gold if a massive financial crash happens. I would be more interested in preserving my wealth, rather than aiming for profits. Gold is the most suitable asset for this purpose. The other assets such as fiat currency, equities, treasury bonds.etc can become worthless if the economy crashes.

I will do the same thing like you, Gold is one of the most precious metal and it is a good asset to put our money for investment and preserving because in the long run even though there will be financial crisis then it is just for short term because after 10 years everything is normal again and our gold that has been bought at the financial crisis event is already give us good profits.

[xFiber]

As long as people are uneducated about cryto there's no way that people will start moving their life savings into bitcoin or antoher crypto. Even if there will be another crash. And here's why. You need to understand that people have worked their asses of for maybe the majority of their life so they want to keep it as safe as possible. Right now bitcoin is not user friendly enough to attract the majority of people (e.g the bitcoin addresses are too confusing). You have to realize there are still a lot of people who have trouble using a computer, including my parents. But I believe at some point people will start to move their money into bitcoin and if that happens, o boy, we're not going to the moon but to another galaxy.

[Rinder]

As i known  we are already doing those, we had mooved our savings into crypto on the last years, bitcoin is the digital gold and with a lot potencial. Bitcoin is being used for savings of some people, sure financial crash would affect all but its a good moment to invest over crypto to avoid those.

[Pearls Before Swine]

Yeah, people are going to flock to an unproven, fairly new asset, and one that has nothing backing it up except popularity.   Sounds legit.

Bitcoin isn't a safe haven asset, and panicked investors will flee to gold and bonds in the event of a disaster,  just like they always do.   And people have been predicting the end ever since the beginning.   And they'll keep doing so.  When the end comes none of us will see it coming.

[deisik]

As long as people are uneducated about cryto there's no way that people will start moving their life savings into bitcoin or antoher crypto. Even if there will be another crash. And here's why. You need to understand that people have worked their asses of for maybe the majority of their life so they want to keep it as safe as possible

This is rarely the case in real life though

If people have been working and saving every penny for decades, it doesn't mean that they are in any way protected from Ponzi schemes, HYIPs and similar scams. History knows quite a few cases when folks poured their life time savings into such fraudulent investment operations only to lose all in the end. This has more to do with psychological traits of a person and common sense rather than how long it took to gather some monies. Though I admit that there is still indirect relationship between financial prudence and saving. In other words, people which save are more reasonable, cautious and suspicious on average than those who just waste their income altogether and live paycheck-to-paycheck (or even on credit)

[epitome]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

In a financial crises it is better to move your assets to gold and there will be a huge influx of investment in the crypto market as well,the fact remains that there is no other viable options to move your money when there is a economic crises because everything will be affected.

[Daniel91]

I don't know about others but I already invested part of my savings in bitcoin.
People are generally skeptic about new things and technology.
I know some people who are afraid to use internet banking or to shop over the internet, so such scenario will not happen soon for the most people, I'm afraid.
Some brave and smart people, like us, are already doing this, investing our savings in bitcoin but we can't know how many of us.

[ilovefeetsmell]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

I hope it will not gonna happen in next few years. I'm starting moving my money into bitcoin but not all my money. In our life, we live to survive. In our world, we would say "Survival of the Fittest" so if you gonna win every struggle you are the fittest among us. It is the same situation in money or what we say fiat money. I think the government will hold and control the money to avoid using bitcoin.

[Omega Weapon]

I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.

Everything ends, no exceptions, that is the rule, to think the economic markets can go on forever is a mistake many do because they do not look at things from an historical perspective, just look at all the empires that fell, and with them their economies fell to, remember just because the economy of your country fails and sinks, it does not mean you need to sink with it as well.

When the economy of the country sinks and there is no alternate solution surely the citizen too will sink with it. Hopefully it's good to be on the safe side with investment on cryptocurrencies. Also people will surely move towards bitcoin or something else, because few examples have taken place in the past with Countries like India and China. When they have been experiencing a money problem the usage of cryptocurrencies from those countries increased a lot.

This is what I mean, in the past the only way to protect yourself when your country fell was to leave your country, but now with bitcoin you will always have as much money as you had the day before, no matter what the government in turn says or do, they cannot do anything to change that reality, so for the first time in history you are able to avoid the fate of the country where you live simply by having access to this new technology.

[GreenBits]

In the case of a traditional market financial crash, bitcoin might not be the best option as a safe haven asset. Consider: not too many places actually accept bitcoin, they facilitate bitcoin remission by accepting fiat in exchange for your bitcoin, from a third party exchange. If fiats are disrupted, so would your ability to convert to a fiat through one of these payment portals. You would be worth a lot on paper, but the challenge of converting that virtual value to real world value might prove daunting in such a financially troubled time

Stick to physical stores of value in times of crisis. Precious metals, goods and tools, and land. You can always sell them after said crisis, they most likely will have appreciated

[Nevis]

I think its just a fud just to make a panic in those holder who will read it and believe it,he is doing it for her self only to buy more low valued bitcoins for storage on his wallet and for his future

[Taskford]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Well just like one of the fud nowadays. Spreading false information just to make the community go panic about the situation.
Like just what's up with this thing? Are you benefiting here?
Moreover, there are golds to invest and lil' bitcoin will be fine.

[eaLiTy]

Gold can be quickly made illegal

If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms

I refute this stand,no government will make gold illegal,but there will be restrictions in place on the amount of gold an individual can hold,in case of a financial crises gold is still the most secure investment method when the entire economy keeps tumbling and expect these sort of meltdown without any major warnings.I would definitely save my assets in the crypto market as well as in gold when there is a situation like that.

[deisik]

Gold can be quickly made illegal

If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms

I refute this stand,no government will make gold illegal,but there will be restrictions in place on the amount of gold an individual can hold,in case of a financial crises gold is still the most secure investment method when the entire economy keeps tumbling and expect these sort of meltdown without any major warnings.I would definitely save my assets in the crypto market as well as in gold when there is a situation like that.

I don't think that there will be such limitations

In fact, I don't really think that any government (at least, that of any developed country) will be looking to outright ban gold at all. Nevertheless, they will likely impose severe limits on how much gold can be moved out of country up to a point basically equal to a complete ban on such cross-border transfers. Governments won't be able to control how much gold a certain person keeps, that would be an exercise in stupidity and futility, but they can easily confiscate gold in, say, airports and other places via which gold can be moved out of country

[virasog]

You also do realize that this magical crash that you are speaking of is pretty much impossible at this point right?  After 1972, with the fall of the gold standard, the fate of the FIAT world is in direct control of the government and they will do what needs to be done to appear to not be a dire straits when they come. 

[Scorpion]

Many people in countries like Venezuela are already using Bitcoin to protect their store of value. The hyperinflation and economic uncertainty is crazy at the moment. One day BTC could mean survival or dying of starvation to some of these folks.

[Omega Weapon]

Many people in countries like Venezuela are already using Bitcoin to protect their store of value. The hyperinflation and economic uncertainty is crazy at the moment. One day BTC could mean survival or dying of starvation to some of these folks.

This is correct, but also bitcoin is illegal in Venezuela and the government is prosecuting people by dealing, transacting or by having bitcoin, they recognize the nature that bitcoin has that can help the people to overcome the tyranny of any government by allowing its citizens to avoid being robbed by their governments through the inflation tax.

[Anegg]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

If the market crash, bitcoin will also crash. Even though bitcoin may be decentralized and not reliant on fiat currency, if that crashes or becomes worthless, who do you think will trust bitcoin as their payment method. Bitcoin does profit off small market crashes, but a big market crash will certaintly not be benifical to anyone. This crash that you are talking about is very impossible and their is barely any proof about this

[taxmanmt5]

There are lots of speculation of this kind of matter, yet nothing was proved it is because it is just a rumor just to make some issues even collapses of economy rises, dead of ones money. Actually to be honest bitcoin is not that ready to face entire world to cover up human needs especially for transactions because once it is published now many will be dump, bitcoins still need to prove itself more than what it has now.

[Novun]

In the case of a financial crash commodities like gold and silver also crash. Bitcoin would as well. The difference is the rate of recovery and growth. After the 2008 financial crash gold also crashed but it quickly recovered and kept rising for years because it took time for people to recover their faith the financial markets.
Also when we realize there is a crash its usually too late for the small fry like us to react.

[Sureness]

possible, but i think it will depend on how the people know about bitcoin or how information they have to fully trust bitcoin and see it as a good way to divert their assets incase that will happen.

[Xenophoto]

It would be so unlikely for someone that doesn't know about bitcoin to just know about it instantly in case of a financial crash. Most people that will be affected by financial crash don't even know how to find something that's a good store of value like gold or bitcoins. I know that I will save all my money to bitcoins.

I really doubt that a regular guy will just try to learn all these things by himself. Most people don't even know that their fiat currency is having lower and lower value due to inflation. They will only recognize it once it's hyperinflated like the Zimbabwean dollars. With the financial crash, the regular guy will just think that we're all in this together. He will think that he's not the only victim so he doesn't have to feel so bad about his money crashing down.

[OROBTC]

...

I agree with above comments that some savings will move into Bitcoin in a financial crash.  BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...

But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).

It is always smart to be diversified, especially in times of financial crisis.  US stocks are down 1% or so as I write (tech stocks even more).

[posternat]

I think its just a fud just to make a panic in those holder who will read it and believe it,he is doing it for her self only to buy more low valued bitcoins for storage on his wallet and for his future

When there are issues that can lead to even worse issues, steps have been taken and these are always public and not hidden to much of an extent, and these steps have prevented financial disaster by spreading the issues out over time, covering the blood stains with a throw rug and keeping faith in the system by the people when there is little reason to have it.  No crash coming, Bitcoin is not a saving plan and this forum is not going to educate the new guy well with threads like this throwing false information into the wind.
 

[(altair)]

Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.

Well if likely there will be a major crash is happening, I'd rather invest my finances to some business that I think that don't be affected by the crash. If I'll invest in cryptocurrency, just some part of my finances will do as there will no 100% assurance of return of investment. I'll distribute it equally where I think it can have a good output.

[jayc89]

possible, but i think it will depend on how the people know about bitcoin or how information they have to fully trust bitcoin and see it as a good way to divert their assets incase that will happen.

I feel that it’s possible as well since the people that have Bitcoin have somewhat of an idea that fiat is literally worth nothing unless the Government says that it’s worth something.
Bitcoin has a bunch of people with the confidence that fiat is just paper so once that disaster happens then they and the Government will move on to an electronic form for payments.

[Yuuto]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Definitely not FUD.

The CPI has been slowly creeping up over the past few years after the financial crisis of 2008. You probably don't realise it, but the governments are trying to do their QE(quantitative easing) to keep the situation under control. But they can't just keep printing more and more dollar, it's not possible.

When the whole debt situation gets out of hand, that's when the whole fiat bubble just bursts into flames and implodes onto itself.

The best way to hedge yourself against this? You guessed it - bitcoin. It's independent to any government association, nobody can do the same stupid quantative easing stuff on bitcoin like they do on fiat currencies.

[Taki]

I suppose people will rather move their founds in gold or realty as usual. Bitcoin stays not attractive for investment, because of it's unpredictable nature.

[deisik]

Small local financial crashes are good for bitcoin,but a major world crash like the great depression might hit
cryptocurrencies as well.
I don`t think that people will trust a cryptocurrency when the major crash happens.
They will most likely buy gold and silver.

Well if likely there will be a major crash is happening, I'd rather invest my finances to some business that I think that don't be affected by the crash. If I'll invest in cryptocurrency, just some part of my finances will do as there will no 100% assurance of return of investment. I'll distribute it equally where I think it can have a good output

That would be risky as hell

It is businesses that are going down during major crashes. In fact, this is what an economic meltdown primarily consists in or even caused by, i.e. lowering or outright vanishing business activity. You may think that a certain business may not get affected by the crisis, but this is not so since all businesses suffer dramatically, it is just a matter of degree. That is, some businesses suffer more, some less. And I'm not even speaking that such investments are risky on their own even in the times of economic boom and revival (read you can still easily lose your investments, see the dotcom bubble)

[LouVandetta]

It is quite possible, I could say.

I believe bitcoin is a really good investment for a long run.
But I don't think that everyone have the guts to do so.
Ppl are tend to invest their money in real thing like real estate, gold etc or some other bussiness.

[andrei56]

At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment

In a financial crises it is better to move your assets to gold and there will be a huge influx of investment in the crypto market as well,the fact remains that there is no other viable options to move your money when there is a economic crises because everything will be affected.

I disagree, there are options, when things go right people prefer soft assets since they can be easily traded, examples cash, certificates of deposits, stocks, but when things get difficult people prefer hard assets like real estate, gold, silver, it will be interesting to know how people are going to consider bitcoin.

[Prettygirl01315]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It is just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.

[DoublerHunter]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It is just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride.

You can tell if it is a FUD if the news is all negative about bitcoin and there is nothing solid proof that will support his statements, most of the FUD are just creating because they want to manipulate the newbies to sell their bitcoin so the rest will follow and they can enter to the market with a great entry price and they will replace the newbies and they will become holder for a long term.

[Omega Weapon]

...

I agree with above comments that some savings will move into Bitcoin in a financial crash.  BTC could still go down even if some money goes into it, because other holders may need to sell to pay bills...

But, as deisik suggested, the time to get started is NOW (if you do not have BTC and/or gold).

It is always smart to be diversified, especially in times of financial crisis.  US stocks are down 1% or so as I write (tech stocks even more).

There are those that think they are going to benefit from a crash of the economic system, but the truth is  if the economy crashes, you will need to use your bitcoin to survive, so you will lose most of what you have as most people, bitcoin mostly will be like an insurance policy, so you do not have to suffer as much as those that did not take the right precautions.

[timerland]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It's definitely not FUD.

In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.

Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.

[Omega Weapon]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It's definitely not FUD.

In fact even the top in business knows that a financial crisis is definitel ygoing to come. The 2008 one nearly collapsed the entire world financial system, and i can see a much larger one that is boiling up right now as a result of the endless amount of debt the US owes to exporting, developing countries such as China, india, resulting is a very large current account deficit in the US that will eventually self correct and be absolutely devastating.

Hedge yourself against this by either placing a portion of your wealth in silver/gold or in bitcoin. That is the smart thing to do, at least imo.

I agree, FUD is misinformation spread to cause fear among investors and traders, but it is not FUD if it is backed by data and common sense, the way the economies of the world are being run by politicians and bankers cannot last forever and when this finally crash the crash is going to be spectacular and it is very likely the consequences of this will affect us for the rest of our lives

[jaysabi]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Jim Rogers is a blowhard. He makes a living by forecasting doom and gloom scenarios. His track record on his predictions is horrible. All that aside, if a financial collapse were to happen, I would expect Bitcoin to fall hard. This price is propped up by speculators and gamblers looking to get rich quick. In a financial crisis, money flows away from the riskiest assets first, and as the current King of speculative vehicles, there's nothing riskier than Bitcoin. When all the money is fleeing to safety, there'll be nothing to prop up the price of Bitcoin.

[seattletu]

Peoples are invest their money in bitcoins, because they want to Billoniare with in less time. We can send Bitcoins to anyone without transaction fees.
No one can restrict on Bitcoins. it is very simple to use.

[stompix]

Another guy that predicts the next financial crisis will happen ...sometime in the future

2013
Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013
https://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/

2014
Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014
http://www.huffingtonpost.co.uk/2013/10/25/alessio-rastani_n_4162423.html

2015
Beware the financial crisis of 2015
http://www.smh.com.au/business/beware-the-financial-crisis-of-2015-20110331-1cnd5.html

2016
Beware the great 2016 financial crisis, warns leading City pessimist
https://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

This is like the dinosaurs betting an asteroid will hit the earth.
In the end it did but it took around 180 million years to get it right.
You might check this one too:
http://rationalwiki.org/wiki/List_of_predictions_of_the_end_of_the_world#20th_century

[SyGambler]

personally I do that cause my country has suffered from big hyperinflation during the last 4 years
gold here is hard to get these days unless you want to buy ear rings or jewelry things and it's not good investment due the high commission for the maker
so bitcoin is my best bet , when I started usuing bitcoing it was like 8 times smaller than these days so bitcoin went way up and currency here went way down
so I guess I did the right thing   

[recklessMe]

A notion of financial crash is always something obscure. It’s hard to predict what will happen. But it’s more likely that Bitcoin is a good investment in such case, because it is less involved in the state-regulated economy (due to which financial crashes occur). The Cyprus crisis shows this perfectly. Everyone started buying Bitcoins in order to keep their savings. By the way that was the time when I realized that Bitcoin is something big.

[Zemangat]

Predictions about the collapse of the country's economy have long predicted. Only if something happens. I do not agree with those who transfer their savings to bitcoin. Because they are still afraid of losing them. They say bitcoin is not safe enough to save money. It's better they keep their money in the bank and they feel safe. But that happens to some people who only know the bitcoin from the negative side. For those who are already familiar with bitcoin they choose to invest bitcoin for the medium term. They move their money to invest bitcoin in the hope of gaining a lot of profit

[izanagi narukami]

Bitcoin still can't consider as valid currency since their value still volatile or unpredictable
So it's just fit as alternate investation like gold etc. Ofcourse it's wise decision to move their money into investation but at least select a stable one since my friend experience major loss because using bitcoin as active transaction

[Ammigo13]

In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.

[BitcoinGirl.Club]

In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.

I agree, If the financial market crashes (fiat) cryptocurrencies could be the best alternative for people looking to reinvest their money and bitcoin could go to the moon easily as panic buyers rush to get their hands on btc which could see btc take centre stage and become a worldwide acceptable currency

[MFahad]

In this interview, he is just talking about only America's financial crashes not all over the world crashes and also bitcoin has no belong on it.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.   

[YuginKadoya]

In this interview, he is just talking about only America's financial crashes not all over the world crashes and also bitcoin has no belong on it.
I don't think that it is bitcoin crash. Even i think may be in that time, bitcoin will be helpful for the people who will be jobless.
May be bitcoin will be done a character of earning source of income in a financial crashes period for American.   

Yup! he never mention anything that start with Bitcoin, and I think this is just a prediction I really think it will happen but bitcoin will be the one that is strong enough to withstand it, and I think it is a total FUD but not for bitcoin but with other investment companies and I really think there is a time when companies will go bye bye and to broke, but not an Asset and a currency to other countries.

[olushakes]

Most times this news are merely expression on opinion but because the individual is an authority in a particular field, the news agency just pick it up without even understanding the basis of his opinion and why he made such statement. Even if it happens, the only people who will likely move their funds are those who are already in bitcoin because someone new is not expected to just trust bitcoin all of a sudden.

[Ewox]

Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.

[stompix]

In the event of a global accident, people will switch to more reliable investments in the form of gold or dollars. Now for security, many keep their funds in different directions.

I agree, If the financial market crashes (fiat) cryptocurrencies could be the best alternative for people looking to reinvest their money and bitcoin could go to the moon easily as panic buyers rush to get their hands on btc which could see btc take centre stage and become a worldwide acceptable currency

What money?
If a financial crash will happen bye bye money for investments.

People don't realize that if we have a financial crash worse that the last one the disaster left behind will affect bitcoin users too.
Why do you assume people who have lost their money , investment funds with 0 portfolio, millions of unemployed will rush to bitcoin...with what.

[Caelanpelley]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Yes. Can you guess what is going on in the future of the economy? That is also a way for you to store money. But I think this way is more risky. Your money may not be safe.

[flower1024]

Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.

Just crashing one country financial system will not affect the entire world. And yes I agree if American financial system crashes it will effect on other countries who depend on America and also bitcoin but not much. But I don't think all investors will show interest in bitcoin when this situation arrives in America maybe they will find other better solution for this issue.  

[Omega Weapon]

Another guy that predicts the next financial crisis will happen ...sometime in the future

2013
Economist Peter Schiff Forecasts Second Crisis to Hit Around 2013
https://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/

2014
Alessio Rastani Predicts A ‘Devastating’ Financial Crash In 2014
http://www.huffingtonpost.co.uk/2013/10/25/alessio-rastani_n_4162423.html

2015
Beware the financial crisis of 2015
http://www.smh.com.au/business/beware-the-financial-crisis-of-2015-20110331-1cnd5.html

2016
Beware the great 2016 financial crisis, warns leading City pessimist
https://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

This is like the dinosaurs betting an asteroid will hit the earth.
In the end it did but it took around 180 million years to get it right.
You might check this one too:
http://rationalwiki.org/wiki/List_of_predictions_of_the_end_of_the_world#20th_century

In a way you are right, but at the same time it is impossible that things keep working the same way they have worked for the last decades, so a crisis is coming but we do not know when and if it is going to be avoided, the crisis of 2007 to 2008 was terrible but some of its worst effect were averted but the solution found by governments was to indebt themselves, now they no longer can do that, so what is going to happen when the next economic crisis strikes?

[FiNaLize]

Probably that's one way to put it but I doubt that will happen any time soon or if it'll happen as what the post was about it will affect a lot of things. And if America's financial crashes down, a lot of countries will be affected and I'm sure bitcoin will also be affected. And maybe if that time comes, some investors might consider putting their savings in Bitcoin. It is a great option especially for investors to put their money into bitcoin.

Just crashing one country financial system will not affect the entire world. And yes I agree if American financial system crashes it will effect on other countries who depend on America and also bitcoin but not much. But I don't think all investors will show interest in bitcoin when this situation arrives in America maybe they will find other better solution for this issue.  

The whole financial crisis which started in America had an impact on the entire world.

[Omega Weapon]

Most times this news are merely expression on opinion but because the individual is an authority in a particular field, the news agency just pick it up without even understanding the basis of his opinion and why he made such statement. Even if it happens, the only people who will likely move their funds are those who are already in bitcoin because someone new is not expected to just trust bitcoin all of a sudden.

That is not the way people think in times of crisis like these, when a huge crisis happens, people will try to find a way to secure their wealth, when the hyperinflation of the Wiemar Republic happen, people did everything to try to preserve their wealth, things were so bad that people paid in the restaurant before eating the food, because if they waited until they finished eating the price would have gone up significantly, so it will not be rare if people decided to adopt bitcoin if an hyperinflation like that happened once again.

[channingwilmer]

they ARE saving bitcoin in case of a finacial crash. There are many people holding bitcoin and ethereum right now and the marketcap all or crypto are now more than $100,000,000,000. It is a huge amount of money which is even higher than 50 countries market cap. Therefore, I think you should buy more bitcoin while you still have a chance

[Rahar02]

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

It is really necessary, warn people and we could be prepared as he said the worst in your lifetime.
Well, I won't say it true or it just a wild guess without any legit evidence support his words. I prefer stand on neutral side, watch over the market, especially cryptocurrency market and divide my money into several store of value such as gold, cash, bitcoin, and land. If something goes wrong, the most important thing is foods, that's why many people who already prepared has been collecting food stock like canned food which can last for years. I just mentioned about some precaution acts that maybe you want to consider, better to be prepared just in case. Furthermore, you have nothing to lose if you divide your funds into some crucial matters.

[senin]

If there is a crisis in the world financial system or in a separate state, people will certainly begin to invest in the digital currency and, above all, bitcoin. It will be because the usual currency and crypto-currency, in my opinion, are practically not interconnected.

[stompix]

they ARE saving bitcoin in case of a finacial crash. There are many people holding bitcoin and ethereum right now and the marketcap all or crypto are now more than $100,000,000,000. It is a huge amount of money which is even higher than 50 countries market cap. Therefore, I think you should buy more bitcoin while you still have a chance

The 100 billions you talk about is peanuts.
There is also not a country market cap. It's an annual gdp.

Just for comparison, the Norwegian pension funds hold 900 billions , 9 x times the market cap of all coins.
Bitcoin is a drop of water in a lake. A huge lake .

[ivrynx]

some people are already doing, they fear that if the market crashed, they will loose all their money, i think it is the safest investment befor the market crash, not only your bitcoin will still have value, but you can still support your living, without fear, that your money will not have any worth, we should not forget that bitcoin can be converted to any foreign exchange, we just need to buy the one with the highest exchange if we want to use it.

[FiNaLize]

Market uncertainties will let bitcoin grow. If it goes well in the economy banks will grow as well